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Wayne, Inc.'s outstanding common stock is currently selling in the market for $33. Dividends of $2.30 per share were paid last year, return on equity
Wayne, Inc.'s outstanding common stock is currently selling in the market for $33. Dividends of $2.30 per share were paid last year, return on equity is 36 percent, and its retention rate is 25 percent. What is the value of the stock to you, given a required rate of return of 15 percent
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